Ahresty Corporation announced the following change of representative director and new executive management appointments that were approved at the Board of Directors meeting dated January 30, 2023. Arata Takahashi as Representative Director Chairman and Chief Executive Officer from Representative Director President and Chief Executive Officer Shinichi Takahashi as Representative Director President and Chief Operating Officer Director in charge of Manufacturing Command Director in charge of General Administrative Command from Representative Director Senior Managing Executive Officer Director in charge of General Administrative Command Naoyuki Kaneta as Representative Director Senior Managing Executive Officer Director in charge of Sales Command Chief of Quality Assurance Command from Director Senior Managing Executive Officer Chief of Sales Command Junji Ito as Director Senior Managing Executive Officer Chief Engineering Advisor from Representative Director Senior Managing Executive Officer Chief of Manufacturing Command Director in charge of Quality Assurance Command Arata Takahashi (Date of Birth: November 2, 1955) APR. 1979 Joined Ahresty Corporation OCT.

1986 Director, Fuso Light Alloys of America Corporation (current Ahresty Wilmington Corporation) JUN. 1987 Director, Ahresty Corporation MAY 1994 Chairman, Ahresty Wilmington Corporation JUN. 1995 Senior Executive Director, Ahresty Corporation JUN.

1997 Vice President, Ahresty Corporation OCT. 1997 President, Ahresty Corporation (current position) JUN. 2001 Director, Kyoto Die Casting Co.

Ltd. JUL. 2001 Executive Officer, Ahresty Corporation JUN. 2003 Senior Executive Officer, Ahresty Corporation JUN.

2005 CEO, Ahresty Corporation (current position) Number of the Company's shares held 1,073,293 (end of Sep. 2022) Shinichi Takahashi (Date of Birth: October 21, 1980) APR. 2005 Joined Hitachi Ltd. APR.

2009 Joined Ahresty Corporation JAN. 2011 Director, Ahresty Wilmington Corporation APR. 2014 General Manager, IT System Dept., Ahresty Corporation JUN.

2016 Executive Officer, Ahresty Corporation JUN. 2017 Managing Executive Officer, Ahresty Corporation Chief, General Administrative Command, Ahresty Corporation Director, Ahresty Corporation JUN. 2019 Senior Managing Executive Officer, Ahresty Corporation (current position) Representative Director, Ahresty Corporation (current position) Number of the Company's shares held 75,429 (end of Sep.

2022) Naoyuki Kaneta (Date of Birth: April 26, 1964) APR. 1983 Joined Ahresty Corporation JUN. 2006 General Manager, Western Japan Die Casting Sales Dept., Ahresty Corporation MAR.

2007 Executive Officer, Ahresty Corporation Deputy Chief, Sales Command; General Manager, Die Casting Sales Dept., Ahresty Corporation MAY 2008 Chief, Sales Command, Ahresty Corporation (current position) APR. 2011 Managing Executive Officer, Ahresty Corporation JUN. 2015 Director, Ahresty Corporation (current position) JUN.

2019 Senior Managing Executive Officer, Ahresty Corporation (current position) Number of the Company's shares held 83,607 (end of Sep. 2022).